Company Registration No. 03196726 (England and Wales)
BAND OF NIGEL'S LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
BAND OF NIGEL'S LIMITED
CONTENTS
FOR THE YEAR ENDED 31 MAY 2016
Page
Accountants' report
1
Balance sheet and notes to the accounts
2
BAND OF NIGEL'S LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BAND OF NIGEL'S LIMITED FOR THE YEAR ENDED 31 MAY 2016
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the unaudited financial statements of Band of Nigel's Limited for the year ended 31 May 2016 which comprise of the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Band of Nigel's Limited, as a body, in accordance with the terms of our engagement letter dated 9 February 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Band of Nigel's Limited and state those matters that we have agreed to state to the Board of Directors of Band of Nigel's Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Band of Nigel's Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Band of Nigel's Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Band of Nigel's Limited. You consider that Band of Nigel's Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Band of Nigel's Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
............................................
25 November 2016
Dales Evans & Co Limited
Date
Chartered Accountants
88-90 Baker Street
London
W1U 6TQ
BAND OF NIGEL'S LIMITED
BALANCE SHEET
AS AT 31 MAY 2016
31 May 2016
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2016
2015
£
£
£
£
Fixed assets
25,517
21,063
Current assets
90,122
110,655
Prepayments and accrued income
13,224
1,660
Creditors: amounts falling due within one year
(6,290)
(1,672)
Net current assets
97,056
110,643
Total assets less current liabilities
122,573
131,706
Accruals and deferred income
(2,144)
(2,053)
120,429
129,653
Capital and reserves
120,429
129,653
These financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Notes to the financial statements
1.
Director's loan and guarantees
During the year N Pulsford made loan repayments of £3,027 and loaned a further £6,236 to Band of Nigel's Limited (2015: Band of Nigel's Limited loaned N Pulsford £3,027). As at 31 May 2016 Band of Nigel's Limited owed N Pulsford £6,236 (2015: N Pulsford owed Band of Nigel's Limited £3,027). This loan is unsecured, interest free and repayable on demand.
For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies' regime within Part 15 of the Companies Act 2006.
Approved by the Board for issue on 24 November 2016
N Pulsford
Director
Company Registration No. 03196726